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20121202
20121202
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forces. this is at a time when we have china with its massive force expansion, building a world capable force projection capability. we have the russians modernizing the russian forces. we still have the ranian problem totally unresolved, north korea always a flashpoint. look at the middle east. anything far from being settled there. and let me take that navy as an example, which will be illustrative of the other forces and what it will do to the nay. it will take the navy and drive it down to the smallest force it has had since prior to world war one. not world war ii, lou. world war one. lou: you know, i'm sorry, admiral. when governor romney said that, pointed that out to president obama in the debate, he was -- we had horses and bayonets, too. he seemed to make lht of that. how important is it? can you give us a sense of the impact? >> i think the president's comment is showing his inexperience in military matters. in this particular case we are going downto 220 ships. to put that number in perspective, i had 2505 ships under my command in the pacific fleet's. 20 percent of those 22
obama is targeting gun rights in the second term. a little later, china great wall of cash is revitalizing the struggling u.s. housing market. but is that a good thing? we'll investigate. >> special olympics. >> in a worthy cause, i tackle my fear of heights for the special olympics. each week they use the headquarters as profiles people helping people and we will introduce you to a special athlete. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. >> shannon: egyptian president mohammed morsi set a date for draft constitution, but the draft is hanging in legal limbo. the highest court is postponing its ruling on the legitimacy of the assembly that wrote it because they fear the protest happening near the court. opposition groups continue to protest morsi's power grab while supporters are protesting action by the court. come thursday, adults in washington state wil
and resilient, and companies are bringing back production from china and mexico because this is looking like a much stronger country in which to invest and build. those are very encouraging signs for the american economy. and people running america's businesses would say they are in the strongest position they have been in maybe a decade in terms of the ability they have to expand and grow. and if we are able to lift this threat, big tax increases on middle class americans, lift this threat of periodic threats of default, lift this threat of badly designed deep austerity on the spending side up front, then i think there's enormous potential for the american economy to grow faster going forward. >> and if you don't, the stakes, the consequences, are severe? >> oh, yeah. to go over this fiscal cliff, because republicans won't raise taxes, tax rates on the wealthiest 2% of americans, would subject the average american to big tax increase and enormous damage from the other cuts that would happen. and there's just no reason why the country has to go through that. and we have a chance to do someth
military in china. this was signed off on by the defense secretary, leon panetta who used to be a cia chief and by general david petraeus who stepped down as cia chief after an extramarital affair was exposed last month, as for funding, the pentagon gave the dcs about 100 million dollars just to get the program started, but their overall budget is not expected to grow. in fact, the overall budget, the dia overall budget might decrease since just about every part of the government is looking to cut back right now and the money from the dcs and the personnel are just essentially going to be converted from the existing defense intelligence agency over to the defense clandestine service. >> that's what we need. an expansion of the government. >> thank you so much, peter. >> thanks, peter. >> all right, let's get your headlines now, and show you what's happening around the world. thousands of egyptians took to the streets, showing support for their president. all right, this is the scene in cairo as egyptians rally behind president morsi. on december 15th there will be a vote on a new constituti
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Search Results 0 to 4 of about 5